Toyota’s Offering a Zero Percent Deal
Auto makers have had it just about as rough as home builders over these past few turbulent months on the stock market and in the general economy, with new car sales going down by as much as thirty percent at many dealerships since consumers are a little jumpy about the state of the economy, and there have already been some job losses seen from this unprecedented economic recession time for the US (at least in my lifetime and the lives of most baby boomers).
In reaction to that fact, Toyota, one of the most popular foreign imports here in the US along with Honda, and also being reputed as an excellent make of car as far as dependability and lastingness, has started to offer a nice little deal on their car’s financing, making it a zero percent deal for those who qualify. So basically, you are not paying any interest on the vehicle, you are just paying for the car itself – imagine that!
Toyota was among one of the first auto makers to realize a steep decline in car sales, so they wanted to act quickly to save their US sales, and although simply offering great financing won’t make everyone jump out of their seats to go grab one (although it really does save the buyer thousands in the end when it’s all said and done), there will be some more interest conjured up in buying these high quality, low maintenance cars from people who really know their financing and want to get a good deal on it while the getting is good, so to speak.
I know that when I bought my Honda three years ago, another foregin import with an impeccable record for quality and dependability, I had options as far as financing went, and they were offering 1.9, zero, 2.9 and 3.9 percent financing depending on (of course) your credit score when they ran it.
At the time I didn’t qualify for the zero percent, but I did qualify for the 1.9 percent financing, so I went ahead and took that, and I’m happy with it – not as happy as I would have been with zero, that’s for sure! That makes a big difference in the time it takes to pay the car off and I may already have had it paid off if I would have gotten that deal.
